Falling U.S. Inventories Fuels Surge in Oil ETFs
May 11, 2016 at 14:02 PM EDT
Crude oil prices and energy-related exchange traded funds (ETFs) jumped Wednesday after an unexpected dip in U.S. crude oil inventories. The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, rose 3.6% Monday while the United States Brent Oil Fund...